November 26, 2022

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EV Technology Group Announces Platform for Sustainability, Setting the Stage for Further ESG Investment

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EV TECHNOLOGY GROUP INC.

EV Technologies Team INC.

Further than de-carbonization: EV Technological innovation Team also supports substantial-high-quality work in community communities and corporate governance most effective methods

Beyond de-carbonization: EV Technology Group also supports high-quality employment in local communities and corporate governance best practices

Past de-carbonization: EV Know-how Team also supports superior-good quality work in neighborhood communities and company governance best tactics

TORONTO, May possibly 26, 2022 (Globe NEWSWIRE) — EV Technology Group Ltd. (“EV Technology Group”, “EVT Team” or the “Organization”) (NEO: EVTG, DE:B96A) launched its sustainability platform nowadays, including an articulation of its ESG aspirations and objective — to drive the adoption of electric powered vehicles (“EVs”). EV Know-how Group’s sustainability system outlines how it programs to assist decarbonization and its method to beating environmental, societal and governance difficulties that can develop road blocks to eradicating CO2 emissions. EV Technological innovation Team is top the way for favourable change in this room by way of strategic investments in electric powered car brand names and invitations even further ESG investor desire in the Company’s expansion story. The in-depth platform is available for down load now on EV Technological know-how Group’s site at: https://evtgroup.com/sustainability-platform 

EV Engineering Group’s sustainability system commences with its commitments to the environment — notably to reimagine current inner combustion engine (“ICE”) automobiles as EVs, therefore contributing to de-carbonization. EV uptake, to day, has largely been among early adopters who are fired up to be at the vanguard of transform.

For lovers of automotive activities, for whom driving is about much much more than obtaining from level A to B, the homogeneity of quite a few EV layouts is a barrier to adoption. By encouraging to deliver iconic brands such as the MOKE to the electrical age, EV Technological innovation Group’s solutions pace over-all EV adoption by bringing the upcoming wave of consumers from ICE to electrical. Going forward, EV Technologies Group’s environmental ambitions are not limited to de-carbonization, as the Firm seeks to implement sustainable procurement and provide chain tactics, and explore use of NFTs to safeguard environmental specifications.

“With transport accounting for additional than 20% of total CO2 emissions, and street transportation far more than 70% of that, the significance of shifting absent from inside combustion engines simply cannot be overstated,” mentioned Wouter Witvoet, Founder and CEO of EV Technological innovation Team. “We think car lovers will only transform to electric automobiles when they guarantee the character, distinctive style and visceral driving pleasure traditionally sent by legendary basic automobile brands. In this feeling, as an EV pioneer, EV Technological innovation Group has sustainability at its really core. We are also decided to sustain the highest expectations in conditions of each our societal affect and company governance.”

EV Technology Group’s sustainability platform also has a very clear concentrate on social and governance commitments. By means of its investments, the Enterprise will maintain communities and the expertise and know-how that will aid them prosper into the long run. As a company detailed publicly on the NEO and Frankfurt Exchanges, EV Know-how Team transparently adheres to all governance reporting requirements demanded by these exchanges and is dedicated to put into practice knowledge safety and privacy clauses for its buyers.

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Beyond de-carbonization: EV Technological innovation Team also supports higher-high quality employment in local communities and company governance best techniques

EV Technologies Group’s sustainability platform sets the stage to articulate an ESG eyesight — especially for the escalating pool of traders who prioritize contributing funds to organizations that add to a lessen-carbon future. The system also discloses the upcoming ambitions of the Company to continue on strengthening its ESG credentials over time. By way of this approach, EVT Group positions alone as a chief in supporting greener transportation and a carbon-neutral earth, and is supporting these world wide initiatives by creating EVs that people today want to generate.

EV Know-how Group 
EV Technology Team was established in 2021 with a vision of electrifying legendary brand names — and a mission of redefining the joy of motoring for the electrical age. By buying iconic brands and bringing beloved motoring ordeals to the electrical age, EVT Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EVT Group makes benefit for its buyers by proudly owning the total customer encounter — buying and partnering with iconic manufacturers with considerable progress prospective in one of a kind marketplaces, and controlling end-to-stop abilities. To study extra go to: https://evtgroup.com/

Media
Rachael D’Amore
[email protected] 
+1519-564-9850

Trader Relations
Dave Gentry
[email protected] 
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
[email protected]

Ahead-On the lookout Information and facts

This information launch is made up of ahead-wanting statements which include, but not constrained to, EV Technologies Group’s ESG system future investments in EV makes EV Technological innovation Team operations, expectations, and upcoming steps. Typically, but not constantly, these Forward-hunting Statements can be identified by the use of words and phrases this sort of as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that activities, “could” or “should” take place or be accomplished and similar expressions, which include destructive variants.

Forward-looking statements contain acknowledged and unfamiliar risks, uncertainties and other aspects which may perhaps induce the real results, efficiency or achievements of the Enterprise to be materially diverse from any results, overall performance or achievements expressed or implied by the Forward-looking Statements, which includes these things discussed underneath “Risk Factors” in the submitting statement of the Organization. Though the Enterprise has tried to identify crucial variables that could bring about true steps, activities or benefits to differ materially from these explained in Forward-seeking Statements, there may well be other variables that induce actions, occasions or outcomes to vary from individuals anticipated, approximated or meant.

Ahead-searching statements entail major danger, uncertainties and assumptions. Many components could trigger actual final results, general performance or achievements to vary materially from the final results talked about or implied in the ahead-searching statements. These things should really be considered very carefully and audience need to not place undue reliance on the forward-looking statements. Whilst the forward-looking statements contained in this information release are centered on what administration thinks to be affordable assumptions, the Firm simply cannot guarantee audience that actual results will be steady with these ahead-searching statements. The ahead-seeking statements contained herein are built as of the day hereof and the Organization disclaims any obligation to update any forward-hunting statements, no matter if as a end result of new facts, potential gatherings or outcomes or usually, other than in which demanded by law. There can be no assurance that these ahead-seeking statements will establish to be accurate, as actual results and upcoming occasions could vary materially from those people expected in these types of statements. Accordingly, audience should really not area undue reliance on ahead-seeking statements.

THE NEO Stock Exchange DOES NOT Acknowledge Duty FOR THE ADEQUACY OR Accuracy OF THIS Launch

A picture accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/3705b433-48ff-47f9-873a-67505006c8d9

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